not exactly new news, but was glad to see schwab alerting customers.
in part:
# Here's how this pump-and-dump scheme works.
Fraudsters create fake social media profiles of celebrities, Schwab professionals, and other financial experts to gain credibility. They may also use social messaging apps like WhatsApp, X (formerly Twitter), and Telegram, as well as lower-tech methods like text messages and phone calls. The fraudsters then lure potential investors into private investment groups where they are pressured into investing in specific securities at set times to inflate the price of these securities. Here's how this pump-and-dump scheme works.
Fraudsters create fake social media profiles of celebrities, Schwab professionals,
and other financial experts to gain credibility. They may also use
social messaging apps like WhatsApp, X (formerly Twitter), and Telegram,
as well as lower-tech methods like text messages and phone calls. The
fraudsters then lure potential investors into private investment groups
where they are pressured into investing in specific securities at set
times to inflate the price of these securities."
[https://view.email.schwab.com/?qs=e36c4e7940da1b41ee401d80d4dc097b63bb2f46a141a0ab44b61f06383b82a9483be334b250e4a872a0d95dee010afe5a17e79123c7a0278f3da92d6fae60faa77dafa46710f25eab8938d36c6f6af0](https://view.email.schwab.com/?qs=e36c4e7940da1b41ee401d80d4dc097b63bb2f46a141a0ab44b61f06383b82a9483be334b250e4a872a0d95dee010afe5a17e79123c7a0278f3da92d6fae60faa77dafa46710f25eab8938d36c6f6af0)